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we had a meeting with harry reid and speaker john boehner. the executive board message was as you are dealing with tough decisions that have to be made, to make sure that we don't over the fiscal cliff, don't shift the burden downward. we understand that there is a shared sacrifice. we ask for flexibility when it comes to programs that are funded by the federal government and federal monies. we need flex ability to be able to determine what is in the best interest of our state. how we can best serve the population. gerri: the truth is the states only have so much flex ability because you have to meet your budget. the federal government doesn't. but i want to show who is in washington. it was scott walker, gary herbert, mark dayton, jack markell. all the leadership of the governors association. what kind of response did you get? we are not passing anything onto you guys. >> the president was very cordial and respectful to the governors. and we believe that we have a stake in this process, and he felt like we could offer some ideas of ways that
we had a meeting with harry reid and speaker john boehner. the executive board message was as you are dealing with tough decisions that have to be made, to make sure that we don't over the fiscal cliff, don't shift the burden downward. we understand that there is a shared sacrifice. we ask for flexibility when it comes to programs that are funded by the federal government and federal monies. we need flex ability to be able to determine what is in the best interest of our state. how we can best...
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harry reid, come on now. >> it's not right for harry reid to kick the jets around. that's a cheap shot. we can do it. you can't. senate minority leader mitch mcconnell, you just saw him there talking on the floor, he actually found himself, well, in unusual territory thursday. he actually had to filibuster himself. >> no, no, he can't. >> yesterday, senator mcconnell brought a bill to the floor to give the president greater power to raise the debt limit without support. but harry reid called his bluff, agreeing to a straight up-or-down vote. that then forced the minority lead y leader to filibuster his own bill. >> what we have here is a case of republicans here in the senate once again not taking yes for an answer. this morning, republican leader asked consent to have a vote on this proposal, because now i told everyone that we're willing to have that vote, up-or-down vote. now the republican leader objects to his own idea, so i guess we have a filibuster his own bill, so i object. >> is there objection to the original request? >> yeah, object. >> objection is hear
harry reid, come on now. >> it's not right for harry reid to kick the jets around. that's a cheap shot. we can do it. you can't. senate minority leader mitch mcconnell, you just saw him there talking on the floor, he actually found himself, well, in unusual territory thursday. he actually had to filibuster himself. >> no, no, he can't. >> yesterday, senator mcconnell brought a bill to the floor to give the president greater power to raise the debt limit without support. but...
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reid says he wants to reform the filibuster he once again promised to do it he asked republicans to work with him on it speak to reporters on tuesday reid said we're going to change the rules we can't continue this way i hope we can get something with the republicans it will work on this and he and jeff merkley are spearheading this effort to say that if you're going to filibuster you have to stand there and talk and just you know look at this chart shows how many record breaking filibusters we've seen since here it is there's filibusters since what's the year it doesn't say here in my copy but since nine hundred sixty one ok and and then you know democrats come into office of bohem the filibusters explode also it forty republican senators who are typically leading filibusters represent only eleven percent of americans. so there you go there from like little states like wyoming and oklahoma and and so to do with this one why should i have an percent of americans be determining the agenda of one hundred percent of those the senate was created for isn't all there is to dave to be able
reid says he wants to reform the filibuster he once again promised to do it he asked republicans to work with him on it speak to reporters on tuesday reid said we're going to change the rules we can't continue this way i hope we can get something with the republicans it will work on this and he and jeff merkley are spearheading this effort to say that if you're going to filibuster you have to stand there and talk and just you know look at this chart shows how many record breaking filibusters...
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republicans found it so outrageous, it spawned a twitter revolt with the hash tag, harry reid rumors. one of our favorites? jammie foxx to be named secretary of state. sorry, susan. hash tag harry reid rumors. >>> actress and activist ashley judd is polling four points behind senator mitch mcconnell in a hypothetical matchup. mcconnell's approval ratings are the worst of any senator nationally. the poll found judd to be the top choice as a challenger. >>> and the first grandchild for former president bush and first lady laura. they called in to congratulate their daughter. >> fired up. looking forward to it. i'm excited for jenna and henry. i can barely contain the news when i found out so now i can tell all my buddies. >> where do you come down on spoiling grandchildren? to spoil or not to spoil? >> definitely to spoil. no doubt about it. >> kind of like we did our daughter. >> congratulations to them. if you read only one thing this morning, my must-read is about one of the handful of absolutely perfect foods. bacon. it's written by an obsessive bacon lover and includes the preview
republicans found it so outrageous, it spawned a twitter revolt with the hash tag, harry reid rumors. one of our favorites? jammie foxx to be named secretary of state. sorry, susan. hash tag harry reid rumors. >>> actress and activist ashley judd is polling four points behind senator mitch mcconnell in a hypothetical matchup. mcconnell's approval ratings are the worst of any senator nationally. the poll found judd to be the top choice as a challenger. >>> and the first...
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i think harry reid's comments sum it up. that is, there is no way that the democrats really want to talk about spending, and i know that the republicans have been light on detail as well, but if the issues facing this country are tackling the biggest part of what we spend in the form of entitlements, we are kidding ourselves that anything is going to be done in a timely faction. they are going to want to do the tax part and kick the rest, and i'll tell you what. i think a lot of conservatives will go along with the potential tax increase, but they are not going to take a promise on the rest of it, so i think it's going to get ugly. >> you know, carol, are alan greenspan is going to tell us later in the program that maybe we should go over the cliff, that the minor recession that is expected as a result is a small price to pay for greater fiscal reform in this country. >> you know that i believe that. you're teeing that one up for me. >> i'm giving you a softball here. >> i'm all about accountability and responsibility so i w
i think harry reid's comments sum it up. that is, there is no way that the democrats really want to talk about spending, and i know that the republicans have been light on detail as well, but if the issues facing this country are tackling the biggest part of what we spend in the form of entitlements, we are kidding ourselves that anything is going to be done in a timely faction. they are going to want to do the tax part and kick the rest, and i'll tell you what. i think a lot of conservatives...
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so why is harry reid worried who is the quarterback on the other team? why is he even using this metaphor? is. >> why has he been running? >> this is why it's a good development. >> yeah. >> by the way, another interesting development with the leadership yesterday was mitch mcconnell tried to make a move to separate out the debt negotiation, the debt ceiling, he thought he had a power play to have them separate out the vote and embarrass democrats. they pulled together 51 votes and then he had to back off. >> he had to filibuster -- >> filibuster his own bill. >> isn't it a fascinating change, mark mckinnon. back when we were younger like ten years ago. it used to be the senate that was the chamber where members were more respectful of each other. now watching harry reid run the senate and mitch mcconnell blast back at him, they are acting really -- and you see this all across the senate, more like we used to behave in the house. >> yeah, that emperor isn't wearing much clothes. >> do you see a point in time two politicians seem more like the parade is p
so why is harry reid worried who is the quarterback on the other team? why is he even using this metaphor? is. >> why has he been running? >> this is why it's a good development. >> yeah. >> by the way, another interesting development with the leadership yesterday was mitch mcconnell tried to make a move to separate out the debt negotiation, the debt ceiling, he thought he had a power play to have them separate out the vote and embarrass democrats. they pulled together...
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did you hear harry reid? the senate majority leader says i don't think we'll get a deal by christmas. would you think that's a real negative for the market. only lost 25 or 30 points in the dow on that. that surprised me. >> it held up pretty good. >> thanks, everybody. >> final word, david. >> as the debate goes on, when those statements come later in the year and closer to christmas or to new years, it will have a much larger impact on the market. >> i'm sure it will. i agree with you. >>> the other story, tensions mounting in michigan as union workers are protesting a bitterly distributed right-to-work bill. nbc's rob mott now with the details. >> reporter: good day to you from the michigan state capital where we saw a lot of protesters out here protesting two measures that the house passed today that would bar unions from forcing people to join those unions as a condition of employment. sometime tomorrow governor rick schneider is expected to sign them into law make michigan the 24th right-to-work state i
did you hear harry reid? the senate majority leader says i don't think we'll get a deal by christmas. would you think that's a real negative for the market. only lost 25 or 30 points in the dow on that. that surprised me. >> it held up pretty good. >> thanks, everybody. >> final word, david. >> as the debate goes on, when those statements come later in the year and closer to christmas or to new years, it will have a much larger impact on the market. >> i'm sure it...
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you are looking at harry reid at issue. whether they will allow food in the cafeteria for a special screening of the movie "lincoln." and now our senior capitol hill producer. chad? >> this is interesting. initially there were report these were going to do this screening in the actual senate chamber. that requires a full dispensation of the senate. they don't typically allow the chamber to be used for anything else other than business. there was a big to do when they cleared the chamber to use it for a memorial service to the late robert bird. it was 50 years since they used it for something else. this will be in the congressional auditorium which is underground. we heard harry reid is seeking a waiver to allow food in the auditorium. particularly unbuttered popcorn and bottled water and snacks like junior mints or twizzlers or something like that. this is the same room where director of national intelligence briefed house members on libya yesterday. this is a real multipurpose facility. but it is equiped to and has theater
you are looking at harry reid at issue. whether they will allow food in the cafeteria for a special screening of the movie "lincoln." and now our senior capitol hill producer. chad? >> this is interesting. initially there were report these were going to do this screening in the actual senate chamber. that requires a full dispensation of the senate. they don't typically allow the chamber to be used for anything else other than business. there was a big to do when they cleared the...
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then if the fiscal cliff is hit, then the persons that will be hit are president obama and harry reid. >> every single house republican needs to be involved in communication. if they passed a bill that extended the tax cuts for everybody and every single one of them went on local tv and local radio and said we have now passed a middle class tax extension, all the president has to do is sign it, you would have a totally different debate going on the next day. >> sean: this is what i feel is missing. the discussion, and as best i could, i'm trying to explain it, about conservative prime princi, about what's al at stake, and ai hear is or i sense a fear they don't want to go over the cliff and i sense a fear on the pr front and just even the president with the whole language of the debate seems like a defeat to me. >> i don't understand why they haven't said from day one this is the path to a balanced budget that has to involve entitlement reform and spending reform. i went to analysis on monday and interviewed mitch daniels who has been a terrific governor. mitch needed $3 billion for c
then if the fiscal cliff is hit, then the persons that will be hit are president obama and harry reid. >> every single house republican needs to be involved in communication. if they passed a bill that extended the tax cuts for everybody and every single one of them went on local tv and local radio and said we have now passed a middle class tax extension, all the president has to do is sign it, you would have a totally different debate going on the next day. >> sean: this is what i...
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in the six year with harry reid we've had 386 filibusters. the senate has become totally dysfunctional because of this power grab by the minority. >> and when it comes to protecting minority rights, people say, the one argument you often hear is you might think the filibuster is a good idea now. but let's say democrats had not won the election. republicans had come in with the same 55 vote senate majority you have now. mitt romney was president. health care could be repealed, particularly in the absence of the filibuster. so what do you say to them? >> what i say to that, ezra, is i'm not afraid of democracy. i said that to majority leader mcconnell on the floor this summer. he was basically saying that, you know, you democrats better be careful. if we take over, we can repeal obama care. my rejoinder to that is if that is what the people vote for at the ballot box, then elections ought to have consequences. now i won't vote for it. i might try to slow it down, amend it, change it. but at least the majority ought to have the right to propose
in the six year with harry reid we've had 386 filibusters. the senate has become totally dysfunctional because of this power grab by the minority. >> and when it comes to protecting minority rights, people say, the one argument you often hear is you might think the filibuster is a good idea now. but let's say democrats had not won the election. republicans had come in with the same 55 vote senate majority you have now. mitt romney was president. health care could be repealed, particularly...
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senate majority leader harry reid said today it would be hard to get an agreement finished by the holiday, blaming the delay on republicans. not surprisingly, republicans say the president hasn't gotten serious about the talks. plenty of outside groups are offering up suggestions. and as darren gersh reports, they include warren buffett and some other big names in finance. >> reporter: there was some public movement in the fiscal cliff standoff today. instead of holding dueling press conferences, republicans and democrats traded barbs on the house floor. >> where are the president's spending cuts? the longer the white house slow- walks this process, the closer our economy gets to the fiscal cliff. >> reporter: behind the scenes, progress is being made, but democrats are still arguing they've given ground in previous budget battles. that's one reason they are holding firm on higher taxes now. >> $1.6 trillion in cuts. "where are the cuts?" they are in bills that you, mr. speaker, have voted for. >> reporter: and there were new calls for more tax revenue today. warren buffett, vanguard foun
senate majority leader harry reid said today it would be hard to get an agreement finished by the holiday, blaming the delay on republicans. not surprisingly, republicans say the president hasn't gotten serious about the talks. plenty of outside groups are offering up suggestions. and as darren gersh reports, they include warren buffett and some other big names in finance. >> reporter: there was some public movement in the fiscal cliff standoff today. instead of holding dueling press...
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do you think that senator harry reid is going to get filibuster reform done? >> no. >> jennifer: oh! break my heart tomasky! come on. we were doing so well there for a minute. why wouldn't he? if it is a majority vote, why wouldn't he? >> you know, i'm not sure -- let me put it this way. that came out of my mouth somewhat as a surprise to me, actually. but that was my first -- that was my first instinct. i just think -- it's going to be hard to get 51 democrats, even though they're going to have 55, i know. i think is going to be tough to get 51 democrats to vote for that. governor, even if they do get it, i don't think this filibuster reform that they're getting is going to change very much. they're not necessarily hitting all of the choke points you might say. >> jennifer: but it might be more transparent. i hope you write about it. all right. michael tomasky special correspondent with "newsweek" "daily beast." up next, fast food workers going on strike. what outrageous demands could they possibly want? how about a living wage? we'll talk to one of the strik
do you think that senator harry reid is going to get filibuster reform done? >> no. >> jennifer: oh! break my heart tomasky! come on. we were doing so well there for a minute. why wouldn't he? if it is a majority vote, why wouldn't he? >> you know, i'm not sure -- let me put it this way. that came out of my mouth somewhat as a surprise to me, actually. but that was my first -- that was my first instinct. i just think -- it's going to be hard to get 51 democrats, even though...
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some headlines out of harry reid which may not be good news for the market. harry reid saying the democratic party will not put an offer of spending cuts on the table for the gop. reid also adding he does not think we will have a deal on the fiscal cliff before at least christmas if not longer. so think about that. harry reid saying no, no, no. republicans asking us to present cuts. we want them to present cuts. clearly this is political gainsmanship. democrats want gop to be the one to go to the american people to say here is what we're going to cut from your entitlement programs, mandy. reid saying we don't think a deal is going to get done before christmas. that does not bode well. the dow industrials are up. you can see they have ticked down a little bit. harry reid, a very, very powerful member obviously. senate majority leader. this is a guy deeply involved in the negotiations. when he speaks, it means something. we'll keep watching those markets. meantime, huge dirty money crackdown. british banking giant going to have $2 million in penalties, it helpe
some headlines out of harry reid which may not be good news for the market. harry reid saying the democratic party will not put an offer of spending cuts on the table for the gop. reid also adding he does not think we will have a deal on the fiscal cliff before at least christmas if not longer. so think about that. harry reid saying no, no, no. republicans asking us to present cuts. we want them to present cuts. clearly this is political gainsmanship. democrats want gop to be the one to go to...
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>> greta: harry reid. the fix is in for the medical device community, i am going to say it. they want a special deal. they have gone to the democratic senators and now suddenly, they want a special deal out of it -- it's appalling. >> we don't add up all the taxes that are coming. the more -- that's why we repealed it and the whole health care bill -- >> greta: one of the taxes is the estate tax, that's the poor farmer who wants to give his farm or ranch to his heirs. >> you know that's a personal story with me. >> greta: oh, yeah. indeed, it is. >> what this is going to do, if we allow this to expire to go to a $1 million and 55% rate, 70% our farms in south dakota will be hit -- >> greta: but you problem is, you don't have a lobbyist. >> but they have me. we are going to keep working on it. >> greta: nice to see you. a very defiant north korea deploying a rocket launch with a brand-new video. that's straight ahead. and ambassador john bololololol i had enough of feeling embarrassed about my skin. [ designer ] enough of just covering up my moderate to severe plaque psoriasi
>> greta: harry reid. the fix is in for the medical device community, i am going to say it. they want a special deal. they have gone to the democratic senators and now suddenly, they want a special deal out of it -- it's appalling. >> we don't add up all the taxes that are coming. the more -- that's why we repealed it and the whole health care bill -- >> greta: one of the taxes is the estate tax, that's the poor farmer who wants to give his farm or ranch to his heirs. >>...
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harry reid feels differently. and the president feels differently. >> the president is right to say this is an extreme measure and was used irresponsibly last year. it hurt the economy last year. megyn: just to clarify and tell the viewers what you are talking about. the republicans in exchange for raising the debt limit said we'll do it but there have to be spending cuts to offset the amount of debt. >> what i don't like about the debt ceiling process is we have a process to create budget and there are congress and committees. things are supposed to go through both houses and get voatds on. i think this is going outside the democratic process. the republican numbers went down much more than barack obama's did last year. i think they have to be careful about what they are doing here. >> i think the reason simon doesn't like it is because it gives the republicans leverage to force the president to deal with the debt. the president has as much chance of succeeding as you have of getting john bolton to cry on your sh
harry reid feels differently. and the president feels differently. >> the president is right to say this is an extreme measure and was used irresponsibly last year. it hurt the economy last year. megyn: just to clarify and tell the viewers what you are talking about. the republicans in exchange for raising the debt limit said we'll do it but there have to be spending cuts to offset the amount of debt. >> what i don't like about the debt ceiling process is we have a process to create...
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harry reid had this for the republicans. >> i sympathize sympathize with john boehner. the tea party has a firm grip on the republican party. we are not going to twist ourselves into contortions to please a vocal minority of the tea party. >> jennifer: that's fascinating a new approach for harry reid feeling sorry for john boehner. i'm not sure how john boehner feels about that. with me is karl frisch in washington and donny welcome back inside "the war room"." >> it's a party. >> jennifer: yeah, all good stuff. karl i'll start with you. how should democrats be handling this tea party revolt? should they do more to assist speaker boehner? >> we should be throwing gas on the fire. this is an emporer with no clothes. when we were pushed to fiscal cliff it was because john boehner promised something to the president and could not get members of his caucus do the right thing for the american people. >> i don't think we should be putting more gas on the karl what you're saying when your enemy is committing suicide, don't step in and interrupt? >> jennifer: break out the popc
harry reid had this for the republicans. >> i sympathize sympathize with john boehner. the tea party has a firm grip on the republican party. we are not going to twist ourselves into contortions to please a vocal minority of the tea party. >> jennifer: that's fascinating a new approach for harry reid feeling sorry for john boehner. i'm not sure how john boehner feels about that. with me is karl frisch in washington and donny welcome back inside "the war room"."...
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and the fact that harry reid and other senators are voting on such foolishness and they will not pass a budget and congress voting on the word "lunatic" what the hell is happening to us i shudder to think. >> since when did a movie become so important that we put our budget and taxes on the back buncher so we can pass a motion to allow food in a theater? harry reid wants food in the chamber so they can eat when they fish fish. >> lincoln" wrote owe without food is great, it could teach them something about backbone. that is a very good point, i didn't think of that. >> but not as good as this e-mail of the week. one more time with the animation, please. yes, mail of the week >> relax, ladies there is enough of me to go around here. calm down. calm down. i will get serious e-mails on that, you know. >> anyway, i kid a lot about being a super hero. not really. but, some of you may think i may not but these guys are the heroes behind the nation's space program, sunday night at 9:00 p.m., you are going to get a never-before-seen front row seat to look at all of them. >> the crew of apollo
and the fact that harry reid and other senators are voting on such foolishness and they will not pass a budget and congress voting on the word "lunatic" what the hell is happening to us i shudder to think. >> since when did a movie become so important that we put our budget and taxes on the back buncher so we can pass a motion to allow food in a theater? harry reid wants food in the chamber so they can eat when they fish fish. >> lincoln" wrote owe without food is...
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this is what harry reid is that the last couple of days doing. why can't we get people in the same room and try to get this thing resolved instead of just talking past each other? >> that is an excellent idea, but first a believe we have to get the president involved with the speaker of the house and se what the real parameters are and see if ther is any eal negotiating room there, wiggle room on each side. unl that happens, you know, if you do it in the press and you do it in ohio, you do t in michigan, you do it in texas, somewhere else, that's not doing here. gerri: well, i want to get you to another topic as well today, which is the federal house in adnistration, which is facing just an unprecedented financial problem. and now sean donovan who runs the department of housing and urban development, hey, we are taking steps to try to lighten the load, but is it enough? and what is theright rescue? what is the right plan for the fha? >> actually, it is a timely question. we had the hud secretary before the banking committee yesterday. fha has ove
this is what harry reid is that the last couple of days doing. why can't we get people in the same room and try to get this thing resolved instead of just talking past each other? >> that is an excellent idea, but first a believe we have to get the president involved with the speaker of the house and se what the real parameters are and see if ther is any eal negotiating room there, wiggle room on each side. unl that happens, you know, if you do it in the press and you do it in ohio, you...
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we're told he had a phone call today with the senate majority leader harry reid but no more phone calls or visits from speaker boehner. it's still on hold whether they'll move forward on a deal. >> shepard: looks like speaker boehner is getting pressure from the moderates in the party and certainly from the right. >> reporter: no doubt about it. bob corker from tennessee was on "fox news sunday" yesterday. he gave fo voice to something you're hearing from an increasing number of republicans right now which is maybe they should give in on raising taxes on the rich in order to fight it out and try to get more leverage in terms of spending cuts. take a listen. >> once you give him the rate on the top 2%, it's actually a much lesser tax increase than what's he's been talking about. the focus then shifts to entitlements. >> reporter: now, the key, though, as we've all been talking about this end of the year deadline, december 31st, but in fact, when you talk to leaders in both parties, they realize the real deadline is probably the end of this week in terms of at least getting a framework of
we're told he had a phone call today with the senate majority leader harry reid but no more phone calls or visits from speaker boehner. it's still on hold whether they'll move forward on a deal. >> shepard: looks like speaker boehner is getting pressure from the moderates in the party and certainly from the right. >> reporter: no doubt about it. bob corker from tennessee was on "fox news sunday" yesterday. he gave fo voice to something you're hearing from an increasing...
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i think what harry reid heard last night from the democrats is we are not going to do anything. this is reported in the national journal today. not going to do anything to make any change or sacrifice benefit for social security, medicare or medicaid. that would be a condition of speaker boehner, which is if we give you the revenue you have to help us on the spending side, on the entitlement issue. reid said i can't get democrats to support that. so now boehner is going up to say all right, where are we? maybe they'll get to something. if they push this on the next year, i think it's a good thing because, in some ways, because you a new congress and new members. maybe because they are going out to live under the decision that would be made this month, maybe it's okay to have them be able to weigh in on it. >> eric: hang on to the ambassador rice comment commenta minute. bob, you were fist-pumping while hearing henry say there is a meeting and they may kick part of it down the road. >> eric: what is happening here -- north dakota is getting to point you can't write legislation, n
i think what harry reid heard last night from the democrats is we are not going to do anything. this is reported in the national journal today. not going to do anything to make any change or sacrifice benefit for social security, medicare or medicaid. that would be a condition of speaker boehner, which is if we give you the revenue you have to help us on the spending side, on the entitlement issue. reid said i can't get democrats to support that. so now boehner is going up to say all right,...
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dennis: we have heard from house speaker john boehner and harry reid. ed henry tried to get a comment from president obama himself. this is new video just in. spin it how are you doing, sir four that how are you feeling about a deal? optimistic? >> still in progress. dennis: lori rothman and adam shapiro will have more on those talks at the top of the hour. cheryl: washington state talking bucking the national foreclosure rate. the office it was for southern california. home sales volume was up 14% year over year. california governor gerri brown is not wasting any time. the 74-year-old governor is undergoing radiation treatment. his oncologist says his prognosis is -- that is your west coast minute. dennis: general orders is unveiling a new line of pickup trucks. jeff flock has the story. jeff: that is the new chevy silverado. it is the number one seller. it has these new engines and it. they will shut down four of the cylinders if you do not need all the power. saves on gas. very good. this harkens back to the old days. it was a loud unveiling. they fl
dennis: we have heard from house speaker john boehner and harry reid. ed henry tried to get a comment from president obama himself. this is new video just in. spin it how are you doing, sir four that how are you feeling about a deal? optimistic? >> still in progress. dennis: lori rothman and adam shapiro will have more on those talks at the top of the hour. cheryl: washington state talking bucking the national foreclosure rate. the office it was for southern california. home sales volume...
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i got more negative when harry reid said it is unlikely that a deal will be done by christmas. i'm thrilled to have senator john hovan, a republican from north dakota who has been an advocate here with us tonight. welcome back to "mad money." >> jim, good to be with you. >> i noticed that you are for a bipartisan situation and one of the things that tells me that you are for real is that you have not signed a pledge that would make it so that you cannot vote for a tax increase. it should be a big deal on the order of four trillion dollar over ten years. get growth in our economy and the kind of deal that inincludes tax reform and better spending control. >> when you were governor of your state you previded over what i think is the single greatest employment boom. is washington so different that you wish you were back home? >> you have been out to north dakota, but you are right. the fundamentals don't change. certainty we can put those things in place with a big deal. we need to get it done. >> one of the things i was noticing. this is something fellow senator conrad was talkin
i got more negative when harry reid said it is unlikely that a deal will be done by christmas. i'm thrilled to have senator john hovan, a republican from north dakota who has been an advocate here with us tonight. welcome back to "mad money." >> jim, good to be with you. >> i noticed that you are for a bipartisan situation and one of the things that tells me that you are for real is that you have not signed a pledge that would make it so that you cannot vote for a tax...
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majority leader harry reid did his part for the cause on the senate floor today. >> so it's apparent how this will end. the only question is, when will it end? it's how long will speaker boehner make middle class families wait for relief and how long will he force the financial markets to wait for uncertainty. >> joining the panel now, the sage of capitol hill, the seasonally elegant luke russert. >> thank you so much for having me. >> you get a special intro when you arrive on set a little late. thrilled to have you here, with ongoing deliberation on capitol hill, you are the eyes. >> eyes and ears hopefully. yet i'm here, congress is recessed this week. >> always a reason, my friend. the fact that tim geithner came out and said, we will go over this cliff, is somewhat counter to what the president has been saying thus far. you couple that and the recent talk about the debt ceiling and making sure that's included in whatever deal is made on this, is the white house demanding too much? are they in danger of edging too far over the line? >> not yet. obviously, look, there's a huge vic
majority leader harry reid did his part for the cause on the senate floor today. >> so it's apparent how this will end. the only question is, when will it end? it's how long will speaker boehner make middle class families wait for relief and how long will he force the financial markets to wait for uncertainty. >> joining the panel now, the sage of capitol hill, the seasonally elegant luke russert. >> thank you so much for having me. >> you get a special intro when you...
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stocks losing streams after house speaker john boehner and senate majority leader harry reid stoked the notion that a deal is not close. down as many as 94 points on the dow at the low of the session and now down at 82 at 13,163. the nasdaq down 26 points right now, a decline of almost a percent at 2987 and the s&p 5 hundred index, trying, doesn't look like it will, seven straight up days, not today though, down ten points at 1418. >> investors dealing with jewel issues. not only is the fiscal cliff situation looking dicier by the day as we head headlines out of announcement by the federal reserve's announcement tying rate hikes to the unemployment rate. >> our next guests are here with their best ideas going into the new year. today's "closing bell" exchange, gary webbush here with us and steve sax from pro shares advisors and steven gil garcetg and our own jeff cox. no encouraging words out of washington, here we go again, from either the fed or congress. >> right, and frankly that's very expected. there's going to be a -- some grandstanding about your political philosophies right up
stocks losing streams after house speaker john boehner and senate majority leader harry reid stoked the notion that a deal is not close. down as many as 94 points on the dow at the low of the session and now down at 82 at 13,163. the nasdaq down 26 points right now, a decline of almost a percent at 2987 and the s&p 5 hundred index, trying, doesn't look like it will, seven straight up days, not today though, down ten points at 1418. >> investors dealing with jewel issues. not only is...
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. >> harry reid is speaking right now. let's go down to capitol hill. >> -- calling on speaker boehner for tax cuts to the middle class. today senator cornyn, the second ranking democrat in the next congress -- i'm sorry, don't i wish -- the second ranking republican in the next congress -- joined the chorus in calling on speaker boehner to do the reasonable thing. here's what he said. i believe we're going to pass it sooner rather than later. we really don't have much leverage there because those rates -- >> i'll take it back from harry reid while we try and figure out this audio issue that we're clearly having from the majority leader and his comments down in the nation's capitol as the democratic leadership gets its turn, if you will, at the microphone for an update on the fiscal cliff. we've already heard from speaker boehner just a short time ago. i think we have that cleared up. let's go back to mr. reid. >> at some point reality should set in. the only question is how much financial stress middle-class families and
. >> harry reid is speaking right now. let's go down to capitol hill. >> -- calling on speaker boehner for tax cuts to the middle class. today senator cornyn, the second ranking democrat in the next congress -- i'm sorry, don't i wish -- the second ranking republican in the next congress -- joined the chorus in calling on speaker boehner to do the reasonable thing. here's what he said. i believe we're going to pass it sooner rather than later. we really don't have much leverage...
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harry reid has said it won't be, right? >> he has said it won't be just like republicans have said we won't allow any tax increase. on social security, the only thing you're likely to see is something on the cost of living adjustments to move from the current cpi to the chain cpi which takes the somewhat less generous approach to calculating increase in benefits so you might see that. you're not going to see raising of the eligibility age for social security. i doubt you'll see it on met care because reid won't accept that and democrats won't accept that. you can make the argument and you're right that social security is not part of this deficit argument and should be left alone. you can make that political and economic argument. in terms of what republicans are willing to do, whether social security winds up being part of it i'm not sure. medicare might be more likely. you might get the changes. but they're going to need some entitlement reforms in order to swallow tax increase. it is just a political reality. >> bill: or
harry reid has said it won't be, right? >> he has said it won't be just like republicans have said we won't allow any tax increase. on social security, the only thing you're likely to see is something on the cost of living adjustments to move from the current cpi to the chain cpi which takes the somewhat less generous approach to calculating increase in benefits so you might see that. you're not going to see raising of the eligibility age for social security. i doubt you'll see it on met...
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majority leader, harry reid. >> they can't decide what they're going to do. we have heard about the infighting going on with the house leadership, boehner is having trouble finding help from his leadership as to what they're to do. >> according to senator reid, the battle is between boehner and congressman kevin mccarthy, eric cantor, and one paul ryan. ho, ho, ho. let's get right to our panel. with me here in washington is msnbc political analyst david corn, and in new york msnbc political analyst professor michael eric dyson. david, can i start with you? the president began with, o come all ye faithful, and now we have speaker boehner singing in the bleak winter. how far does the president have to go to give boehner something that helps boehner go to his caucus and say let's just do our deal. >> you want someone to be singing "i'll be home for christmas." >> there you go. >> first, it's nice to see you in d.c. >> it's a great pleasure. >> we have this little bubble of optimism in the conventional media the past few days. although they're talking, they're no
majority leader, harry reid. >> they can't decide what they're going to do. we have heard about the infighting going on with the house leadership, boehner is having trouble finding help from his leadership as to what they're to do. >> according to senator reid, the battle is between boehner and congressman kevin mccarthy, eric cantor, and one paul ryan. ho, ho, ho. let's get right to our panel. with me here in washington is msnbc political analyst david corn, and in new york msnbc...
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mitch mcconnell tried to get the senate, harry reid to vote on the president's plan and harry reid said no. democrats are calling it a stunt. this is the president's plan we can raise taxes on rich and you don't have to cut spending and you can do all the things that he wants to do, and they on't want that to come to a vote. there might be something there. i'm thinking that might maybe make him on it and let the chips fall where they make. elections have consequences. at that right nw. lou: i think we all agree about consequences. certainly. your thoughts on this? does it look to you right now like we are goingto avoid this fiscal cliff? the president, but the brilant idea? it's interesting how he does this. he initiates an ultimat and the goes passive aggressive on everyone and withdraws from the field. it's really a bizarre and intriguing strategy which obviously has completely confounded republican leaders. >> yes, and the polls show that the american people are proud and -- probably going to blend republicans now matter what happens. lou: slightly. >> therefore i think that is what
mitch mcconnell tried to get the senate, harry reid to vote on the president's plan and harry reid said no. democrats are calling it a stunt. this is the president's plan we can raise taxes on rich and you don't have to cut spending and you can do all the things that he wants to do, and they on't want that to come to a vote. there might be something there. i'm thinking that might maybe make him on it and let the chips fall where they make. elections have consequences. at that right nw. lou: i...
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harry reid may want to do the same thing. then we could have a discussion. these negotiations between speaker boehner and obama need to beat on c-span. what is said, the american people need to see. it is no good to have secret meetings. there.ave c-span cameras when there is an agreement, put it on line so every american can read it. obama promised big things would be done on c-span. he has the opportunity to make this promise, to keep that commitment. he promised he would put things on line so they could be read before they got voted. as long as americans can read the bill, i think we will avoid raising taxes on the american people. we have to go after the obamacare taxes and get rid of those. host: richard from florida. caller: good morning. you are a popular and you can talk to just about everybody. the office of management and budget' sought a book -- puts ot a book. we could save $900 billion a year getting rid of duplication and fraud and this is in the book. instead of doing all the taxes and other garbage, let's go through this book and do our job.
harry reid may want to do the same thing. then we could have a discussion. these negotiations between speaker boehner and obama need to beat on c-span. what is said, the american people need to see. it is no good to have secret meetings. there.ave c-span cameras when there is an agreement, put it on line so every american can read it. obama promised big things would be done on c-span. he has the opportunity to make this promise, to keep that commitment. he promised he would put things on line...